M & G Welding Services Limited

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m & g welding services limited Company Information

Live

EstablishedMicroLow

Company Number

05834131

Website

www.mgsteelfabrications.co.uk

Registered Address

60 newington drive, bury, lancashire, BL8 2DZ

Industry

Non-specialised wholesale trade

Telephone

01277212672

Next Accounts Due

February 2025

Group Structure

View All

Directors

Maureen Sherborne18 Years

Graham Hallows18 Years

Shareholders

graham hallows 50%

maureen sherborne 50%

m & g welding services limited Estimated Valuation

£336.8k

Pomanda estimates the enterprise value of M & G WELDING SERVICES LIMITED at £336.8k based on Net Assets of £201.2k and 1.67x industry multiple (adjusted for liquidity).

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M & G Welding Services Limited is a live company located in lancashire, BL8 2DZ with a Companies House number of 05834131. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in June 2006, it's largest shareholder is graham hallows with a 50% stake. M & G Welding Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £431k with low growth in recent years.

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Pomanda's financial health check has awarded M & G Welding Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £431k, make it smaller than the average company (£14.4m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.7%)

EXPORT

M & G Welding Services Limited's latest turnover from May 2023 is estimated at £431 thousand and the company has net assets of £201.2 thousand. According to their latest financial statements, M & G Welding Services Limited has 1 employee and maintains cash reserves of £180.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	430,987	331,424	293,016	412,905	494,247	416,973	381,888	328,718	279,045	348,695	210,667	128,395	209,438	200,471
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	312,516	238,662	213,757	299,823	360,442	305,324	277,108	235,202	201,474	251,867	151,204	92,244	150,202	143,402
Gross Profit	118,471	92,761	79,259	113,082	133,805	111,649	104,780	93,516	77,571	96,828	59,463	36,151	59,237	57,069
Admin Expenses	121,073	82,406	104,495	114,203	51,216	104,711	36,816	79,080	28,541	55,226	67,215	41,515	55,184	41,829
Operating Profit	-2,602	10,355	-25,236	-1,121	82,589	6,938	67,964	14,436	49,030	41,602	-7,752	-5,364	4,053	15,240
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,893	1,504	125	104	545	252	99	146	188	241	187	138	75	12
Pre-Tax Profit	5,291	11,859	-25,111	-1,017	83,133	7,190	68,063	14,583	49,219	41,843	-7,565	-5,226	4,128	15,253
Tax	-1,323	-2,253	0	0	-15,795	-1,366	-12,932	-2,916	-9,844	-8,787	0	0	-1,073	-4,271
Profit After Tax	3,968	9,606	-25,111	-1,017	67,338	5,824	55,131	11,666	39,375	33,056	-7,565	-5,226	3,055	10,982
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,968	9,606	-25,111	-1,017	67,338	5,824	55,131	11,666	39,375	33,056	-7,565	-5,226	3,055	10,982
Employee Costs	41,748	40,260	37,019	73,539	36,715	35,525	34,584	67,603	33,194	66,018	32,617	32,351	31,716	31,349
Number Of Employees	1	1	1	2	1	1	1	2	1	2	1	1	1	1
EBITDA*	1,067	12,224	-22,744	2,202	82,589	10,313	72,564	15,903	50,986	44,206	-7,087	-4,479	5,230	16,803

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	32,368	5,607	7,476	9,968	13,291	10,125	13,500	4,424	5,891	7,847	2,034	2,699	3,584	4,761
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	32,368	5,607	7,476	9,968	13,291	10,125	13,500	4,424	5,891	7,847	2,034	2,699	3,584	4,761
Stock & work in progress	3,500	3,500	2,500	2,500	2,500	2,500	2,000	2,500	3,000	3,750	3,500	3,500	3,500	3,099
Trade Debtors	107,774	82,664	77,051	122,786	171,027	127,707	128,823	93,429	76,935	64,354	24,973	16,778	38,430	41,867
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	29	143	0	0	0	0	0	0	0
Cash	180,231	170,558	130,215	119,352	88,794	56,435	44,366	34,839	23,669	51,697	44,582	30,027	25,066	4,956
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	291,505	256,722	209,766	244,638	262,321	186,671	175,332	130,768	103,604	119,801	73,055	50,305	66,996	49,922
total assets	323,873	262,329	217,242	254,606	275,612	196,796	188,832	135,192	109,495	127,648	75,089	53,004	70,580	54,683
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	52,140	33,159	22,728	21,601	28,015	43,806	25,143	32,955	35,718	93,246	73,743	44,093	56,443	43,601
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,657	313	3,442	3,755	3,755	0	0	0	0	0	0	0	0	0
other current liabilities	65,555	31,643	3,464	13,089	22,909	6,592	23,115	16,794	0	0	0	0	0	0
total current liabilities	121,352	65,115	29,634	38,445	54,679	50,398	48,258	49,749	35,718	93,246	73,743	44,093	56,443	43,601
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	1,339	0	0	3,442	7,197	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,339	0	0	3,442	7,197	0	0	0	0	0	0	0	0	0
total liabilities	122,691	65,115	29,634	41,887	61,876	50,398	48,258	49,749	35,718	93,246	73,743	44,093	56,443	43,601
net assets	201,182	197,214	187,608	212,719	213,736	146,398	140,574	85,443	73,777	34,402	1,346	8,911	14,137	11,082
total shareholders funds	201,182	197,214	187,608	212,719	213,736	146,398	140,574	85,443	73,777	34,402	1,346	8,911	14,137	11,082

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-2,602	10,355	-25,236	-1,121	82,589	6,938	67,964	14,436	49,030	41,602	-7,752	-5,364	4,053	15,240
Depreciation	3,669	1,869	2,492	3,323	0	3,375	4,600	1,467	1,956	2,604	665	885	1,177	1,563
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,323	-2,253	0	0	-15,795	-1,366	-12,932	-2,916	-9,844	-8,787	0	0	-1,073	-4,271
Stock	0	1,000	0	0	0	500	-500	-500	-750	250	0	0	401	3,099
Debtors	25,110	5,613	-45,735	-48,241	43,291	-1,230	35,537	16,494	12,581	39,381	8,195	-21,652	-3,437	41,867
Creditors	18,981	10,431	1,127	-6,414	-15,791	18,663	-7,812	-2,763	-57,528	19,503	29,650	-12,350	12,842	43,601
Accruals and Deferred Income	33,912	28,179	-9,625	-9,820	16,317	-16,523	6,321	16,794	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	27,527	41,968	14,493	34,209	24,029	11,817	23,104	11,024	-28,217	15,291	14,368	4,823	20,035	11,167
Investing Activities
capital expenditure	-30,430	0	0	0	-3,166	0	-13,676	0	0	-8,417	0	0	0	-6,324
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,430	0	0	0	-3,166	0	-13,676	0	0	-8,417	0	0	0	-6,324
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	4,683	-3,129	-3,755	-3,755	10,952	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	7,893	1,504	125	104	545	252	99	146	188	241	187	138	75	12
cash flow from financing	12,576	-1,625	-3,630	-3,651	11,497	252	99	146	188	241	187	138	75	112
cash and cash equivalents
cash	9,673	40,343	10,863	30,558	32,359	12,069	9,527	11,170	-28,028	7,115	14,555	4,961	20,110	4,956
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	9,673	40,343	10,863	30,558	32,359	12,069	9,527	11,170	-28,028	7,115	14,555	4,961	20,110	4,956

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for m & g welding services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in BL8 area or any other competitors across 12 key performance metrics.

M & G WELDING SERVICES LIMITED group structure

M & G Welding Services Limited has no subsidiary companies.

Ultimate parent company

M & G WELDING SERVICES LIMITED

05834131

M & G WELDING SERVICES LIMITED Shareholders

graham hallows	50%
maureen sherborne	50%

M & G Welding Services Limited currently has 2 directors. The longest serving directors include Ms Maureen Sherborne (Jun 2006) and Mr Graham Hallows (Jun 2006).

officer	country	age	start	end	role
Ms Maureen Sherborne		72 years	Jun 2006	-	Director
Mr Graham Hallows		68 years	Jun 2006	-	Director

P&L

May 2023

turnover

431k

+30%

operating profit

-2.6k

gross margin

27.5%

-1.79%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

May 2023

net assets

201.2k

+0.02%

total assets

323.9k

+0.23%

cash

180.2k

+0.06%

net assets

Total assets minus all liabilities

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company number

05834131

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

June 2006

ultimate parent company

None

previous names

N/A

address

60 newington drive, bury, lancashire, BL8 2DZ

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m & g welding services limited Company Information

m & g welding services limited Estimated Valuation

m & g welding services limited Estimated Valuation

m & g welding services limited Estimated Valuation

M & G Welding Services Limited Overview

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M & G WELDING SERVICES LIMITED financials

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